![]() Participants at the forum noted that cooperation is the key to tapping the growth potential of EMDCs. The rise of China as the world's second largest economy has offered most developing nations an opportunity to participate in the international arena and have an impact, Paul Tembe, senior researcher at the Department of Linguistics and Modern Languages, Chinese Section at the University of South Africa, said at the forum. With the theme of "Promoting Solidarity and Cooperation, Building Momentum for Growth," the forum assembled over 300 representatives from governments, industry associations, think tanks, media organizations and businesses around the world.Īccording to the World Economic Outlook released by the International Monetary Fund on Tuesday, emerging markets and developing economies are expected to grow by 4 percent in 2023 and 4.1 percent in 2024. ![]() ![]() ![]() BEIJING - Emerging markets and developing countries (EMDCs) have risen rapidly since the start of the 21st century, becoming a significant driving force of global economic growth, experts said at a recent forum in Beijing.ĭuring this period, the economic scale of EMDCs has accounted for half of the global economy, contributing around 80 percent of world economic growth, Lin Songtian, president of the Chinese People's Association for Friendship with Foreign Countries said at the EMDC Development and Cooperation Beijing Forum on Tuesday. ![]()
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